Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Adelaide the cheapest capital to rent

22 May 2015 Elyse Perrau

Even in a booming property market there are still Australian suburbs with a median weekly rent under $200.

Statistics provided by CoreLogic RP Data for April show six Adelaide suburbs made the top 10 for most affordable to rent.

Rokeby in Hobart topped the list with an extremely low median weekly rent of $140, which was down from $243 in April 2014.

Also in Hobart, Primrose Sands recorded a median weekly rent of $190, down from $215 the previous year.

Smithfield Plains and Elizabeth Vale in Adelaide were next, with weekly median rents of $200.

This was up from $137 in April 2014 for Smithfield Plains and down $263 for Elizabeth Vale.

Davoren Park in Adelaide was not far behind, recording a median weekly rent of $201. This was down from $250 last year.

Lamb Island in Brisbane and Elizabeth Downs in Adelaide both posted weekly median rents of $210.

This was unchanged from April 2014 for Lamb Island, and was down from $250 for Elizabeth Downs.

Elizabeth South in Adelaide was next, recording a median weekly rent of $211, which was down from $250 last year.

Clarendon Vale in Hobart recorded a median weekly rent of $218, which was up marginally from $210.

Salisbury in Adelaide rounded out the top 10, recording a median weekly rent of $220, which was a drop from $280 in April last year.

[Related: Prestige suburbs record big rental price tags]

 

Adelaide the cheapest capital to rent
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

What is the worst mistake vendors make?

Price too high
Taking low offers too personally
Neglecting curb appeal
Not ‘staging’ the home for sale
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.